NXP Semiconductor Bets $12 Billion on Smarter Cars

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Don Clark The race to build smarter cars is prompting another race--to supply the chips that make those vehicles clever. NXP Semiconductor Inc. stepped on the gas on Monday, agreeing to buy Texas-based Freescale Semiconductor Inc. in a cash-and-stock ...

Dollar Falls Against Yen as Nikkei Disappoints

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Hiroyuki Kachi The dollar lost 0.4% against the yen Tuesday, as a lackluster Tokyo stock market and jaw boning by a Japanese government adviser took the legs from the greenback's overnight rally, pushing it below the Y120 mark. Around ...

IRS Confirms Illegal Immigrant Tax-Refund Ruling, Sparking GOP Outcry

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By John D. McKinnon WASHINGTON--The Internal Revenue Service on Monday confirmed it would allow illegal immigrants benefiting from President Barack Obama's recent executive action to file for tax refunds for prior years, fueling an outcry from Republicans. The IRS explanation ...

Caixabank Plans to Quadruple Profitability Measure by 2018

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Jeannette Neumann BARCELONA-- Caixabank SA on Tuesday said it plans to quadruple a key measure of profitability during the next four years by clamping down on costs and boosting revenue amid Spain's modest economic recovery. Spain's No. 3 bank ...

Glencore Returns to Profit, Increases Dividend--2nd Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

Glencore Returns to Profit, Increases Dividend--Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Scott Patterson Commodities trading came to the rescue of Glencore PLC last year, helping offset a sharp downturn in raw-material prices that hit the group's mining operations hard, leaving profit down by 7% before acquisition-related and other charges. The ...

European Stocks Creep Higher

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Josie Cox European stocks inched higher Tuesday, fueled by forecast-beating German data and advances on Monday in the U.S., which saw the S&P; 500 and the Dow Jones Industrial reach fresh record highs. The Stoxx Europe 600 index added ...

Australia's Abbott Drops Health-Care Fee Plan

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Rob Taylor CANBERRA, Australia--Australian Prime Minister Tony Abbott on Tuesday dropped plans to introduce an unpopular patient co-payment fee to offset rising costs in the nation's health-care system. Mr. Abbott unveiled the proposal for a co-pay fee in the ...

AstraZeneca Completes Acquisition of Rights to Actavis' Portfolio

TODAY: March 3, 2015 PUB DATE: March 3, 2015

LONDON--Pharmaceutical giant AstraZeneca PLC (AZN.LN) said Tuesday it has completed the acquisition of the rights to Actavis' branded respiratory business in the U.S. and Canada. As announced on Feb. 5, the transaction strengthens AstraZeneca's respiratory franchise globally and builds on ...

Dos Santos Tries to Foil Caixabank's Bid for Banco BPI -- 2nd Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Patricia Kowsmann LISBON-- Isabel dos Santos, Africa's wealthiest woman and the second-largest shareholder of Portugal's Banco BPI SA, on Monday reacted to a takeover bid for that bank by a Spanish lender by suggesting another deal instead: a merger ...

U.S. Construction Spending-Historical -2-

TODAY: March 3, 2015 PUB DATE: March 3, 2015

Jan 05 1,036.8 -0.1 10.2: 816.5 0.4 12.2: 203.0 -1.4 4.0: 220.3 -1.9 3.6 Dec 04 1,037.9 1.4 9.4: 813.5 1.9 10.6: 205.8 -0.6 4.7: 224.5 -0.5 5.4 Nov 04 1,023.6 0.8 10.5: 798.0 0.1 12.2: 207.0 2.5 4.8: 225.6 ...

Inflation in Developed Economies Halved in January, OECD Says

TODAY: March 3, 2015 PUB DATE: March 3, 2015

The annual rate of inflation across the world's developed economies more than halved in January, reaching its lowest level since the recession that followed the global financial crisis. While consumer prices rose at a faster pace in a small number ...

BlackBerry to Launch Four New Devices in 2015 - Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Ben Dummett and Archibald Preuschat BARCELONA-- BlackBerry Ltd. said Tuesday a new touch-screen phone will be one of four devices it launches this year, as it bolsters its turnaround effort---which is geared to selling mobile security software to enterprises--with ...

U.S. Auto Sales Lose Steam in February -- 4th Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Anne Steele Poor weather conditions modestly dented the pace of U.S. auto sales in February, but did little to sour America's increasing thirst for the trucks and SUVs that tend to be pricier than passenger cars. Several auto makers ...

Scotiabank Increases Dividend, Reports Earnings Rise -- Update

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By Rita Trichur And Judy McKinnon Bank of Nova Scotia raised its dividend on Tuesday and reported a 1% increase in its fiscal first-quarter earnings, capping off what has largely been a quarter of sturdy profits for Canada's biggest lenders. ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

By James Glynn SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open ...

Australia Central Bank Holds Rates

TODAY: March 3, 2015 PUB DATE: March 3, 2015

SYDNEY--Australia's central bank kept its benchmark interest rate unchanged at a record low 2.25% Tuesday to avoid stoking an overheating housing market that risks derailing a fragile economic recovery. Still, the Reserve Bank of Australia left open the option of ...